Latest crypto news
Crypto exchange BitMart has officially launched PowerDrop, a new airdrop product designed to simplify access to new assets for users. With a 'zero-threshold' mechanism, PowerDrop aims to reward loyal users based on existing activities, rather than requiring complex on-chain tasks.
Sumitomo Mitsui Financial Group (SMBC) has just launched its HOOPSLINK innovation hub in Tokyo, focusing on advanced technologies like Web3 and Generative AI. This move affirms the commitment of major Japanese financial institutions to apply blockchain technology, especially the commercialization of stablecoins, to drive economic growth.
Former Ethereum core developer Eric Conner has released a bullish analysis, arguing that a combination of three key factors will soon fuel an ETH price explosion. He points to the narratives around stablecoins, ETF inflows, and depleted exchange supply as creating an incredibly strong foundation for growth for the world's second-largest crypto asset.
Crypto MMO refers to earning money online through cryptocurrency activities such as affiliate marketing, staking, yield farming, freelancing, selling tokens, and NFTs. It offers the potential for passive income, low investment costs, and flexibility in working time and location. However, it also carries risks like security breaches, scams, and market volatility. To succeed in crypto MMO, one needs to have a good understanding of cryptocurrency, use proper security measures, and be cautious of potential risks. With the right knowledge and strategy, it can provide lucrative opportunities in the growing crypto market.
The first Solana+Staking ETF (SSK) in the U.S. had a highly successful first day of trading, attracting $12 million in capital and reaching $33 million in volume. This impressive debut, along with its unique staking mechanism, is seen as a major milestone for the Solana ecosystem and the entire crypto market.
Japan's first digital bank, Minna Bank, has announced a joint research project on stablecoins built on the Solana blockchain. This move, in partnership with Fireblocks and Solana Japan, shows that Japanese financial institutions are accelerating their entry into the crypto market to avoid falling behind in the global payments competition.
Solana's first staking ETF (SSK) debuted in the U.S. with an impressive $33 million trading volume on its first day, reflecting strong investor interest in crypto products offering staking yields. This event may catalyze the development of additional staking ETFs in the future.
Luca Netz, after acquiring the NFT collection Pudgy Penguins for $2.5 million in 2022, transformed it from a digital collection into a successful physical brand. By releasing physical products, such as toys, Pudgy Penguins gained massive popularity and are now sold in over 2,000 Walmart stores. Netz’s journey demonstrates the power of combining NFTs with physical assets and building long-term value in both digital and real-world spaces.
An NYSE-listed company has made a significant investment in Bitcoin, reflecting the growing trend of traditional businesses embracing cryptocurrencies as part of their financial strategies. This move could stimulate the crypto market's development and encourage other companies to follow suit.